iowahomeloans

Look for Great Deals in the Winter Market

Posted on: February 28, 2014

The winter housing market is traditionally slow for a variety of reasons. Few people are shopping for a home at this time of year, and few people put their homes on the market as a result. Most people wait until the spring to put their homes on the market so they can get more interest and a higher purchase price. As a buyer, though, this can have an advantage for you: fall and winter sellers are often motivated. Because the market is so slow during this time of the year, many of the people who sell then only do so because they have to – which means they may be willing to make a great deal to push the sale through.

Look for Great Deals

Homes that are on the market during the winter season are typically on the market because the seller is eager to sell. Homes may be priced at or below market value just to generate interest in the home. Sellers during this market may be willing to drive a harder bargain just to sell the home. It all depends on why the seller is selling, and how eager he is to sell. Make sure you’re familiar with the home prices in a given area, and look for homes priced at or below market; those sellers may be willing to deal, or the price may already be so great that it’s a steal.

Find Out Why the Seller is Selling

If you can, find out why the seller is selling his home during the winter market. Things like relocating for work, a divorce or other important life change can make a seller more motivated to sell quickly, which gives you leverage. You can often get a seller to sell for less during this time of the year; you might even be able to get a home below market value if the seller is eager enough to sell. Find out why the seller is selling, and you’ll have an idea of whether you’ve got the leverage you need to drive a really hard bargain.

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